"In the last five or six years, we've made it a priority to have that control, but also to make sure that affordable housing projects can move forward faster as well as spend our housing mitigation fees," Klein told San José Spotlight.
"Government land ownership helps keep the property affordable over the long term," said city officials and advocates, highlighting the importance of this strategy for sustainable housing.
According to SV@Home Policy Director Mathew Reed, a city could actively purchase properties and then look for a developer to turn it into affordable housing, which is a form of 'land banking.'
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